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Share Of $700 Billion Fund To Be Managed By Women And Minority-Owned Firms

"The law does provide that the Treasury department should consider opportunities for women and minority-owned businesses," the Treasury spokesperson says.

[Financial Meltdown: Election 2008]

Women and minority owned firms are being considered as asset managers for $700 billion economic rescue fund that was announced by The Treasury department last week, The Black Star News has learned.

A spokesperson for Treasury declined to discuss the list of firms that have applied for a share of the whopping bail out fund but confirmed that Women and minority-owned companies are under consideration.

"The law does provide that the Treasury department should consider opportunities for women and minority-owned businesses," the spokesperson says.